Define the following terms: a. Demand deposits b. Compensating balance c. Disbursement float d. Deposit float e.

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Define the following terms:

a. Demand deposits

b. Compensating balance

c. Disbursement float

d. Deposit float

e. Lockbox

f. Wire transfer g. Depository transfer check h. Zero-balance system i. Draft j. Automated clearinghouse: LO1

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